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Most multifamily syndicators are facing major headwinds including interest rate increases, new supply, and escalating expenses. In order to thrive in this environment, you have to have an excellent organization that executes business plans and maintains healthy working relationships with their lenders. Zach Haptonstall, Founder of Rise48, has never made a capital call or missed a debt payment. For the properties he acquired in 2021, Zach is now making distributions to investors. In the face of unprecedented rate increases, Zach accelerated the pace of renovations in 2023 and completed almost 2000 units. This enabled him to increase net operating income enough to continue making debt payments and distribute cash to investors.
